From the following information, calculate the amount to be charged to Income and Expenditure Account for 'Sports material consumed' for the year 2019-20.
| Particulars |
Amount (Rs.) |
| Stock of Sports material (01-04-2019) |
60000 |
| Amount paid to creditors (during 2019-20) |
3,00,000 |
| Creditors for Sports Materials (01-04-2019) |
1,00,000 |
| Creditors for Sports Materials (31-03-2020) |
80000 |
| Sports Material sold During the year (Book Value Rs.35,000) |
15000 |
| Cash Purchases of Sports Material (During the Year 2019-20) |
1,30,000 |
There was zero stock at the end of financial year 2019-20.
